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Australia | Bacchus Marsh
Properties for sale in Bacchus Marsh, Victoria, 3340 Australia
FEATURED PROPERTIES
Bacchus Marsh, a historic town located in Victoria, is known for its rich heritage and vibrant community. With a population of around 22,000 residents, Bacchus Marsh offers a unique blend of rural charm and modern conveniences. The town, situated under the postcode 3340, boasts a history that dates back to the mid-1800s. Bacchus Marsh developed as an agricultural hub, with its fertile lands supporting farming and fruit-growing industries. Today, the town's historic buildings and scenic landscapes attract both residents and visitors, making it a sought-after location for those seeking a balance of history and contemporary living.
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Would you like to invest in a property with a mix of country charm and city comforts? Welcome to Bacchus Marsh, Victoria's thriving town, promising immediate returns and long-term growth potential. Whether you are an investor or just looking for your dream house, here in Bacchus Marsh is all you need to make a sound investment decision.
Let's start with the numbers: as of September 2023, the median price for houses in Bacchus Marsh is $640,000. Although there has been a slight dip of 0.8% over the past 12 months, this small fluctuation forms part of the greater, stable 5-year growth trend. Just have a look at the trajectory: in August 2019, the median house price was $490,000, rising steadily year after year.
The median price is sitting at $471,000, which also faced a minor decline of 0.8% in the last year. However, over the past five years, it has grown from $330,000 to $495,000. These figures evidence a resilient market with solid growth patterns and make Bacchus Marsh an attractive proposition for savvy investors.
Bacchus Marsh is not only a pretty place to reside in, but it's also an investment hub in real estate. With 81 houses on offer last month and a total of 127 sold within these past 12 months, it's very obvious that demand is high. The median time on the market is just 60 days, meaning houses do not stay on the market for long. This fast turn-around points toward the popularity of the town.
The unit market is also very active, with 20 units on the market last month and 30 sold in the past year. Units take a little longer to sell, at a median of 90 days on the market, which is still relatively short to sell a property, especially given the growing appeal of the town.
Generally, for those looking to invest in Bacchus Marsh rental properties, the town is very good to consider due to the returns it yields. At a rental yield of 4.0%, these houses average $480 per week. Units enjoy a higher average rental return of 4.6%, with average rents for this property type coming in at $370 per week. These are very strong indications of investment potential in this town because it would realize a good and steady stream of income, along with capital growth.
Arguably the most exciting aspect of Bacchus Marsh relates to future growth. This is projected to grow in population by over 5,700 residents in the next 25 years, an 87% increase in the current total number of residents. Supporting this type of population growth, dwellings are estimated to increase by 91%, which would satisfy demand for the property.
Besides this, added is the investment security that Bacchus Marsh provides, being strategically positioned in the second fastest-growing regional municipality in Victoria-the Moorabool Shire. Major infrastructure upgrades continue to come into the town, such as the $518 million Ballarat train line upgrade, set to include a second platform at Bacchus Marsh. These make commutes into Melbourne a little easier and quicker, improving the amenity of the town both for residents and investors alike.
Yet another main driver in the Bacchus Marsh property market is its relative affordability in comparison to an increasingly expensive Melbourne. From a property investment point of view, it means there's a more accessible entry point into the market without missing out on possible returns. Once you consider houses and units, prices here are just about reasonable, likely to appreciate even further while demand continues to outstrip supply.
Its appeal does not stop at its pricing. Bacchus Marsh is a unique mix of heritage charm and modern conveniences. The leafy streetscapes, historic buildings, and easy access to major shopping centers, schools, and healthcare facilities make this place ideal for families, retirees, and everyone in between.
The future of Bacchus Marsh is not left to chance. Accordingly, the Victorian Planning Authority and the Moorabool Shire Council are jointly working on an Urban Growth Framework for the town so that its growth should be well-planned and sustainable. In this regard, as a strategic document, it will guide both residential and employment growth in order to evolve Bacchus Marsh into a self-sustaining town with its unique character while accommodating new residents and businesses.
With all of these dynamics going on, with Bacchus Marsh not just being a dot on the map but a real, growing hub of potential—through the linchpin of affordable housing, solid rental yields, strategic infrastructure development, and forward-thinking growth plans—combine to make it prime real estate investment.
Invest in Bacchus Marsh today and acquire a key not just to a property, but to a future in a rising community. Be it your first, avid investor, or looking for a lifestyle change, Bacchus Marsh can offer just that perfect blend of opportunity, stability, and growth.
So why wait? The market is ready, the town is growing, and the future is bright. Bacchus Marsh calls-take the cue.
